Flu season is well and truly in full swing and sometimes through no fault of our own, we cannot make it into work and it ends up costing us our wages.
The problem these days is many employers don’t pay wages for any kind of sickness, meaning employees try and brave it and come to work coughing, spluttering, stuff growing off their face and generally spreading their bugs all over the place.
But, there is always that one occasion when getting out of bed just isn’t an option and we’re left with the prospect of dealing with the following month with less money than usual.
So, what can you do to get prepared if you have no emergency fund?
Well there’s a few things you could do to soften the blow from cutting back to trying to get a bit of extra cash in somehow.
Below are a few ways I would cope with the loss of wages:
Half your fun budget
If, like me, you have a fun budget, half it at the very least.
The way I look at it, it’s better to have half a fun budget for two months than a month of boredom sat in with nothing to do and no budget at all on one of them.
For me it would start with my Costa trips, morning coffee is my vice, but it would go to free up some extra cash.
Any pub trips or other treats would need to be looked at to see where money could be cut back and used for the upcoming month.
Look for free stuff to do
Soften the blow by looking at free entertainment for the following month.
If you have a plan of activities it won’t seem as bad knowing that your bank account is a little lighter than usual.
You’ll be having fun without the need to dip in your pocket.
Start matched betting
Use some of your money left from this month to get yourself started with matched betting.
You could quite easily replace the wages you have lost, plus from the following month you’ll actually be up on your money, rather than replacing what was lost.
Matched betting is tax and risk free and is fantastic way to boost your income by £1,000 – £2,000 a month.
Start a free trial and you will make £45+ straight away easily!
Have a clear out
Once you are feeling a bit better, take the opportunity to have a clear out and sell any unwanted stuff on eBay, Gumtree and buy, sell and swap sites on Facebook.
Remember, one man’s rubbish is another man’s treasure.
You can cut your shopping bill by up to 30% on average by shopping price-per-unit.
If you know you’re likely to lose wages due to illness this is one of the easiest ways to cut back.
Plus, you can continue to do so the following month on a full wage and start to build up an emergency fund with the money you have saved.
Losing wages when you have an other wise great attendance record is a kick in the guts.
However, there is little point moaning about it when you have no chance of your employer backing down.
Take control of the situation yourself and with a bit of creative financing you can get through it.
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